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Colohouse Acquires Hivelocity to Create Next-Generation Service ProviderColohouse, a portfolio company of Valterra Partners and a leading player in the colocation, cloud, hosting, and network services sector, has announced the successful acquisition of Hivelocity, the leading provider of bare metal hosting. This strategic move combines the portfolio of two well-established providers with a focus on cloud and bare metal services to meet growing market demand. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240402290109/en/ "Our acquisition of Hivelocity is a strategic move to enhance our capabilities and reinforce our commitment to delivering top-tier IT infrastructure services," said Jeremy Pease, CEO at Colohouse. "Together, Colohouse and Hivelocity create a unique, next-generation provider that places the customer's needs and success at the forefront, providing them with the connectivity and computing power required to deploy and manage modern applications and data." "Our mission at Hivelocity is to create a company with a singular focus on simplifying hosting with an exceptional customer experience. We have continuously excelled at our mission, grown our customer base and kept up with their demands, which led us from a single rack of servers to operating 40+ world-class data centers on 6 continents," says Mike Architetto, CEO of Hivelocity. "Combined with Colohouse, Hivelocity can accelerate its capabilities and continue its legacy of simplifying IT for its customers." Key Benefits of Colohouse's acquisition of Hivelocity:
With the acquisition of Hivelocity, Colohouse has now completed seven acquisitions since 2021 backed by continued support and investment from Valterra Partners, LLC ("Valterra Partners"). As part of the transaction, William LaPerch will be joining the Board of Directors. Kevin Reed, Managing Director of Valterra Partners, added, "The combination of Colohouse and Hivelocity is the result of a multiyear strategy to acquire and develop a differentiated data center and hybrid cloud provider that provides a platform of significant scale within a high growth market. The combined business provides a talented executive team, completes strategic offerings and expands capacities across a substantial geographic footprint that will support substantial growth." Houlihan Lokey, served as financial advisor and Hogan Lovells served as legal advisor to Colohouse. DH Capital, a Division of Citizens, served as financial advisor and Gunster served as legal advisor to Hivelocity. To learn more about Colohouse, please visit https://colohouse.com/. About Colohouse Colohouse provides a digital foundation that connects our customers with impactful technology solutions and services. Our managed data center and cloud infrastructure, paired with key edge locations and reliable connectivity, allow our customers to confidently scale their applications and data while optimizing for cost, performance, and security. To learn more about Colohouse, please visit: https://colohouse.com/. About Hivelocity With over 21 years in business, Hivelocity is a privately held company that delivers bare metal dedicated servers, VPS hosting, and colocation solutions. With 40+ international locations across 6 continents, Hivelocity has the most locations in the industry. Since 2002, we have built our foundation around a world class network, 24/7 U.S.- based customer service, and enterprise-grade security. To learn more about Hivelocity, visit https://www.hivelocity.net. About Valterra Partners Founded in 2015, Valterra Partners is an infrastructure private equity firm providing capital to US-based, forward-facing infrastructure businesses. Valterra focuses on companies that operate adjacent to traditional core infrastructure assets with similarly defensible demand profiles. Valterra Partners is an investment adviser registered with the Securities and Exchange Commission ("SEC"). To learn more about Valterra Partners, visit https://www.valterrapartners.com/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240402290109/en/ |